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The value of diamonds are falling because people are now getting Netherite gear.
The generation-guilt of the millennials stains my hands. I have murdered industries. And I’ll kill again!
Diamond are a stupid tradition imo. They are not that rare… Man made construct.
get fucked translucent rocks!
Hey, don’t blame the material for the actions of their owner.
That being said, I have no idea of why people buy diamonds outside of industry.
They are boring to look at, sure they sparkle, but they have boring colours, saphire, emerald and ruby look way cooler.
Diamonds - ❌ Moissanite - ✅
Hang on. Don’t forget that diamonds are used for cutting, grinding, drilling, and as a heat sink in electronics.
Yeah, they use synthetic ones for that.
Those poor people at de Beers, next you’ll tell me that they’ve been keeping the price of diamonds artificially high for over a century … oh wait.
This shows that there’s really only a slight decrease from 2020/21. Considering inflation, that drop in value is even greater, and a good thing, but their monopoly will only be destroyed when the cost of lab diamonds are similar.
Huh? This is per carat. Also lab diamonds are perfect and much better than what you would find. They are now trying to market diamonds that have flaws as better than a perfect diamond. It’s really fucking stupid. Before, it was the less flaws they have, the more value. Now with lab diamonds, you need to have some flaws.
Most of the jewelers in town where I live have closed shop. Lab grown is definitely having a huge overall impact to the cost of diamonds as a whole. Hopefully diamonds will be a thing of the past soon and we can use them for other applications.
